Statoil to Supply Gas to Lithuania in Five-Year Deal

Deal in 2015 Could End Lithuania Being Wholly Dependent on Russian Gas

By
Kjetil Malkenes Hovland

Aug. 21, 2014 12:17 pm ET

Lithuanian gas supplier Litgas said Thursday it has signed a five-year deal with Norway's Statoil ASA to deliver 540 million cubic meters of natural gas annually from 2015, a move that could put an end to Lithuania being wholly dependent on Russian gas.

"This strategic contract will help to ensure the availability of an alternative natural gas import source, which will enable us and other Lithuanian companies to procure natural gas on international markets from various suppliers at any time," said Dominykas Tuckus,...